Zacks Research Upgrades Sanmina (NASDAQ:SANM) to Strong-Buy

Sanmina (NASDAQ:SANM) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

SANM has been the topic of a number of other research reports. Weiss Ratings raised shares of Sanmina from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. decreased their target price on Sanmina from $275.00 to $260.00 and set a “neutral” rating for the company in a research report on Tuesday. Wall Street Zen raised Sanmina from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Susquehanna initiated coverage on Sanmina in a report on Wednesday, April 1st. They issued a “neutral” rating and a $135.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $198.33.

Sanmina Price Performance

Shares of NASDAQ:SANM opened at $185.56 on Thursday. The company’s 50-day moving average is $231.54 and its 200 day moving average is $187.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.78. The company has a market capitalization of $9.95 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.56. Sanmina has a fifty-two week low of $108.36 and a fifty-two week high of $288.68.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, July 27th. The electronics maker reported $3.31 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.54. The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $3.40 billion. Sanmina had a net margin of 2.41% and a return on equity of 19.08%. The firm’s revenue for the quarter was up 69.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 earnings per share. Sanmina has set its Q4 2026 guidance at 3.050-3.350 EPS and its FY 2026 guidance at 11.900-12.200 EPS. On average, equities research analysts forecast that Sanmina will post 10.41 earnings per share for the current year.

Insider Activity

In other Sanmina news, CEO Jure Sola sold 118,368 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $228.84, for a total value of $27,087,333.12. Following the completion of the transaction, the chief executive officer directly owned 1,227,573 shares of the company’s stock, valued at $280,917,805.32. This trade represents a 8.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jonathan P. Faust sold 10,076 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $265.80, for a total value of $2,678,200.80. Following the completion of the sale, the chief financial officer owned 77,000 shares in the company, valued at $20,466,600. This trade represents a 11.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Amundi bought a new position in shares of Sanmina in the 1st quarter worth $391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Sanmina by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,968 shares of the electronics maker’s stock worth $2,435,000 after purchasing an additional 1,387 shares in the last quarter. United Services Automobile Association bought a new position in shares of Sanmina during the 1st quarter valued at about $256,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Sanmina by 10.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 126,287 shares of the electronics maker’s stock worth $9,621,000 after buying an additional 12,061 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Sanmina by 572.5% in the first quarter. Jane Street Group LLC now owns 79,846 shares of the electronics maker’s stock worth $6,083,000 after buying an additional 67,973 shares in the last quarter. 92.71% of the stock is currently owned by institutional investors.

Sanmina News Roundup

Here are the key news stories impacting Sanmina this week:

• Positive Sentiment: Strong Buy upgrade: Zacks upgraded Sanmina to Rank #1 (Strong Buy), citing growing optimism around earnings prospects and estimate revisions. Sanmina Upgraded to Strong Buy
• Positive Sentiment: Broad earnings estimate increases: Sidoti raised its FY2026 EPS forecast to $10.82 from $8.81, well above the current consensus of $9.36. It also increased its FY2027 estimate to $11.57 from $10.24 and lifted quarterly forecasts for Q4 2026 and Q1–Q4 2027. These revisions suggest analysts expect stronger profitability across Sanmina’s electronics manufacturing business. Sanmina analyst estimates
• Positive Sentiment: Growth and value recognition: Sanmina was included in Zacks’ Rank #1 Strong Buy lists for both growth and value stocks, reinforcing the stock’s appeal across multiple investment styles. Best Growth Stocks Best Value Stocks
• Positive Sentiment: Long-term earnings growth: Sidoti projected EPS of $13.93 for FY2028, following estimates of $11.57 for FY2027 and $10.82 for FY2026. The projections point to a continued earnings-growth trajectory, although they are forecasts rather than reported results.
• Neutral Sentiment: Zacks also highlighted Sanmina’s value characteristics and assessed whether the stock remains undervalued, but the article provided no new company operating data or specific valuation target. Is Sanmina Stock Undervalued?

About Sanmina

Sanmina Corporation is a leading global electronics manufacturing services (EMS) provider specializing in the design, production and end-to-end supply chain solutions for complex electronic products. Founded in 1980, the company has built a reputation for delivering high-reliability manufacturing across a wide range of industries, including communications, computing, aerospace and defense, medical, automotive and industrial sectors.

Sanmina’s core offerings encompass product design and engineering support, precision PCB fabrication and assembly, system integration, testing, and final system deployment.